Influence of forecast error and forecast bias on safety stock on a MRP system with rolling horizon forecast updates

DOI10.1007/978-3-031-08623-6_62MaRDI QIDQ6606716zbMATH OpenFDO

Authors Wolfgang Seiringer, Fabian Brockmann, Klaus Altendorfer, Thomas Felberbauer

Publication date 17 September 2024

zbMATH Keywords

simulationsproduction planningforecast errorsforecast evolutionproduction order accuracy

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Production models (90B30)

Recommendations

• MRP performance effects due to forecast bias and demand uncertainty
• Safety Stock versus Safety Time in MRP Controlled Production Systems
• Schedule instability, service level and cost in a material requirements planning system
• Analysis of a forecasting-production-inventory system with stationary demand
• Protective stocks in multi-stage production systems

Cites work

• Information Sharing and Order Variability Control Under a Generalized Demand Model

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